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Green Energy Group Limited ( (HK:0979) ) just unveiled an update.
Green Energy Group Limited has announced a profit warning, indicating an expected increase in losses for the six months ending December 2024, with losses projected between HK$6.5 million and HK$8.5 million, compared to HK$4.6 million in the previous year. The rise in losses is attributed to reduced gross margins in their renewable energy business due to increased feedstock costs, with final financial results yet to be confirmed.
More about Green Energy Group Limited
Green Energy Group Limited is a company based in Bermuda, operating primarily in the renewable energy sector. The company focuses on the renewable energy business segment, which has been affected by fluctuations in feedstock purchase costs.
YTD Price Performance: -11.54%
Average Trading Volume: 318,005
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$294.3M
For a thorough assessment of 0979 stock, go to TipRanks’ Stock Analysis page.